Digital Assets Take in $117M Last Week

Digital Assets Take in $117M Last Week

Total assets under management are up 43% from their November 2022 lows.

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Head of Research and Investment Strategy
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Reviewed by: James Butterfill
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Edited by: James Butterfill

Takeaways

  • Digital asset investment products saw US$117m inflows last week, the largest since July 2022, while total asset under management (AuM) have risen to US$28bn, up 43% from their November 2022 lows.
  • The focus was almost entirely on Bitcoin, which saw US$116m inflows last week, although there were also minor inflows into short-bitcoin of US$4.4m.
  • Multi-asset investment products saw outflows for the 9th consecutive week totalling US$6.4m, suggesting investors are preferring select investments.

 

 

Digital asset investment products saw US$117m inflows last week, the largest since July 2022, while total asset under management (AuM) have risen to US$28bn, up 43% from their November 2022 lows. Investment product volumes are improving with US$1.3bn traded for the week, up 17% compared to the YTD average, while the broader digital asset market has seen average weekly volumes rise by 11%. Investment products remain only 1.4% of total volumes on trusted exchanges.

Germany was the focus this week seeing 40% of all inflows (US$46m), followed by Canada, the US and Switzerland which saw US$30m, US$26m and US$23m respectively.

The focus was almost entirely on Bitcoin, which saw US$116m inflows last week, although there were also minor inflows into short-bitcoin of US$4.4m, suggesting opinion remains polarised.

Multi-asset investment products saw outflows for the 9th consecutive week totalling US$6.4m, suggesting investors are preferring select investments. This was evident in altcoins as Solana, Cardano and Polygon all saw inflows, while Bitcoin Cash, Stellar and Uniswap all saw minor outflows.

Blockchain equities saw inflows totalling US$2.4m, although looking across providers reveals sentiment remains polarised.

 

 

 

 

 

 

Contact James Butterfill at [email protected]

James Butterfill has over 19 years of experience in fund management, investment banking, economics and asset allocation, gained most recently as an investment strategist at CoinShares. Previously, he was head of research at ETF Securities, with prior experience as a multi-asset fund manager and investment strategist at Coutts & Co., HSBC & ING Barings. James is a regular media commentator, and frequently appears on Bloomberg TV, CNBC, BBC and other broadcast outlets. Investment Week awarded him best ETF Eesearch and best FX Research in 2016 and 2017, respectively. James is currently an investment strategist at CoinShares, writing research white papers on investment themes, identifying investment opportunities and helping investors understand the digital asset world.